Ex-Im Bank assists exporters by guaranteeing term financing to creditworthy
international buyers, both private and public sector, for purchases of U.S. goods and services. With Ex-Im Bank’s loan guarantee, international buyers are able to obtain competitive term financing from lenders when financing is otherwise not available or there are no economically viable interest rates on terms over one-to-two years.

Medical Equipment Initiative

The Medical Equipment Initiative (MEI) offers solutions to increase the export of medical equipment from U.S. companies to foreign borrowers that would not go forward without Ex-Im Bank support. The MEI includes creative financing structures and enhanced coverage.

Borrowers

Borrowers will be: 1) established companies that represent unacceptable credit risk; and 2) companies that are newly formed and do not have historical credit data that can be analyzed. To help determine if your borrower is a candidate for the MEI, please refer to the guidelines for submitting applications for the Medical Equipment Initiative.

Coverage and Eligibility Requirements

Coverage under the MEI will be issued via a standard insurance policy or loan guarantee, and all standard terms and conditions will apply. Support will include consideration of the following enhanced features:

• Automatic Local Cost Cover. Local cost financing will be made available on an automatic basis for local costs (including import and similar duties) related to the exporter’s scope of work and documented as such up to 15 percent of the U.S. contract value.
• Repayment terms will be offered up to seven years. Terms of up to seven years will be offered for medium term transactions when consistent with the expected life of the product, subject to a minimum contract value of $350,000.
• Capitalization of interest. Interest may be capitalized when there is an extended installation and/or construction period.
• Flexibility. All avenues can be explored to insure that any buyer with the ability to repay can be financed.

Ex-Im Bank will provide comprehensive coverage, including losses resulting from commercial risk and political risk. There is no minimum or maximum to the transaction request Ex-Im Bank will support. Limited exclusions apply to the type of goods and services that can be supported. Ex-Im Bank is closed and/or limited in certain countries -- please refer to the Country Limitation Schedule.

For more information, please visit: http://www.exim.gov/products/special/medicalequip.html

Loan Guarantee

Competitive Financing for International Buyers

Ex-Im Bank assists exporters by guaranteeing term financing to creditworthy international buyers, both private and public sector, for purchases of U.S. goods and services. With Ex-Im Bank’s loan guarantee, international buyers are able to obtain competitive term financing from lenders when financing is otherwise not available or there are no economically viable interest rates on terms over one-to-two years.

Benefits:

• Enables international buyers to obtain loans from lenders
• Covers 100% of commercial and political risks
• Flexible financing options and repayment terms
• No limits on transaction size
• Medium-term and long-term financing available
• Eligibility

Ex-Im Bank’s guarantee of a lender’s loan to an international buyer is generally used for financing purchases of U.S. capital equipment and services.

Financing may also be available for:

• Refurbished equipment
• Software
• Certain banking and legal fees (See Financing Fees for Ancillary Services.)
• Certain local costs and expenses (See Ex-Im Bank Policies – Local Cost.)

For more information, please visit: http://www.exim.gov/products/loan_guar.html